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Many are unaware of the BNPL or Buy Now Pay Later service. This service has become quite popular in recent times in Singapore. This service has helped many customers buy their products online or in-store without hassle. With the advancement in technology, many apps are available in the market for Buy Now Pay later apps. Research reveals that BNPL service gained huge popularity during the COVID-19 pandemic among sellers and customers when all were suffering from extreme cash crunches.
Different types of BNPL Apps in Singapore
Many companies in Singapore offer BNPL service, and many customers have used the best pay later service by downloading these apps. All can read below about the top BNPL Apps.
- ATOME
If you are in search of the best Buy Now Pay Later apps, ATOME will be the best option. Downloading this app will help customers in online and in-store purchases. As per this service, you can divide the total purchasing amount into 3 instalments and can pay accordingly. Once you download this app, you can check particular merchant vouchers, and you will get a 10% discount on your first-time purchase.
Well, consumers need to be cautious regarding the on-time payment of instalments. Once you fail to make repayment on time, you need to pay S$15 extra charges.
- GRAB
GRAB is another buy now, pay later service that seems quite helpful for online customers. If you are in an emergency to buy any product but cannot make the payment instantly, opting for the BNPL service will be a wise choice. The prime benefit of using this app is that you can divide your purchasing amount into 4 instalments. Here also, customers need to be aware of making a payment within time. This service also charges an extra fee of S$10 in case of a delay in payment. Buyers can download the GRAB app to enjoy more grab points by using the Grab postpaid service.
- Hoolah
Another popular BNPL service in Singapore is Hoolah. This service also helps online purchasers to make payments in 3 easy instalments. Hoolah also charges a late payment fee, but the fee depends on the order amount. Customers need to pay a late payment of S$5 if the purchasing amount is below S$99. If your order amount is between S$100 and S$999.99, the late payment fee is S$15. Hoolah BNPL service will charge S$30 as a late payment fee if customers’ purchasing amount is above S$1000.
- RELY
For customers who are looking for top-ranked BNPL Apps, RELY is a popular one. Online purchasers will allow all users to repay their purchasing amount in 3 monthly instalments. Customers need to download this app to enjoy the benefits. Like other BNPL services, customers need to make the repayments on time; otherwise, they need to make repayment of S$1 to S$40. RELY charges varied late payment fees depending on the purchasing amount. Again, once you download the app, you will get 10% cashback on your first purchase.
The above are the top BNPL applications that customers can download and enjoy the benefit of this service.
How are credit cards beneficial in Singapore?
Besides BNPL services, many customers also opt for credit card payments as this will help in the easy repayment of dues. No doubt, credit cards are easy and convenient ways to pay the purchasing amount. Consequently, customers always look for the best credit card Singapore 2022. A credit card swiping system is the best way to make payments for groceries, etc.
Know about the types of credit cards
In Singapore, people can get of different types of credit cards which will help people to earn more points during purchases. Customers can redeem these points to earn more benefits. Let’s check the top credit cards available in Singapore.
- Rewards credit card
This credit card allows customers to earn points during their purchases. Customers can get these rewards based on the purchases they have made in varied fields. Customers can get points based on dining, petrol, groceries, etc. Customers can redeem these points in various ways.
- Cashback cards
Many love to use cashback credit cards as these cards offer cashback based on the purchase amount. There are many cashback credit cards in Singapore, and these cards offer a flat rate of cashback. Again, there are some credit cards that can also offer bonus cashback rewards.
- Travel Credit Card
If you are a frequent traveller, you will require money during your travel. Travel credit cards are excellent ways to purchase travel-related products and make payments for travelling expenses.
Apart from those above, citizens can opt for the credit cards like Citi Bank Cashback credit cards, KrisFlyer UOB Credit cards, HSBC Visa Platinum Credit cards, American Express True Cashback Credit cards, etc.
Conclusion
The above discussions show that both BNPL and credit cards are beneficial for online and in-store purchase. Do you know What credit card has the most benefit? If not, readers can check here for detailed information.
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